Accountant – Retail Showroom Required in Dubai

The Accountant for a Retail Showroom is responsible for managing the financial operations and ensuring the accuracy of financial records related to sales, expenses, inventory, and payroll within the showroom. This role involves preparing financial statements, processing transactions, monitoring budgets, and ensuring compliance with financial regulations. The Accountant plays a critical role in supporting the showroom’s overall financial health by maintaining clear and precise financial records and offering insights to management for decision-making.

Key Responsibilities

1. Financial Record Keeping

   The Accountant is responsible for maintaining accurate financial records of all transactions that occur within the retail showroom. This includes recording sales, processing payments, tracking expenses, and maintaining detailed accounts of daily financial activities. The Accountant ensures that all data is correctly entered into accounting systems, enabling accurate and up-to-date records for financial reporting and auditing purposes.

2. Sales and Revenue Management

   One of the primary duties of the Accountant is to track and manage the showroom’s revenue. This involves reconciling sales receipts with cash, card, or digital payments, ensuring that all transactions are recorded correctly. The Accountant monitors daily, weekly, and monthly sales to identify trends, discrepancies, or potential issues. This role is critical in helping the showroom maintain accurate records of its income, allowing for timely financial reporting and analysis.

3. Inventory Accounting

   The Accountant also works closely with inventory management, ensuring that the financial records accurately reflect stock levels, product costs, and any losses or discrepancies. This includes reconciling inventory reports with financial statements to verify the value of goods sold, purchased, or returned. Proper inventory accounting helps in minimizing discrepancies and ensuring that the showroom’s financial statements reflect the actual position of its stock.

4. Expense Management and Budgeting

   Managing expenses is another key responsibility for the Accountant. This includes tracking operational costs, such as utilities, rent, and staff wages, and ensuring they align with the established budget. The Accountant plays an important role in developing and monitoring the showroom’s budget, ensuring that spending stays within approved limits and identifying areas for potential cost savings. Accurate budgeting and expense tracking are essential for maintaining profitability.

5. Payroll and Tax Compliance

   The Accountant is responsible for processing payroll for the showroom’s staff, ensuring that all employees are paid accurately and on time. This includes calculating salaries, bonuses, deductions, and taxes. Additionally, the Accountant ensures that the showroom complies with local tax regulations by preparing and submitting tax filings, including VAT, income tax, and other applicable levies. Proper tax management ensures the showroom avoids penalties and remains in good standing with regulatory authorities.

6. Financial Reporting and Analysis

   The Accountant prepares financial reports such as balance sheets, income statements, and cash flow reports to provide a clear view of the showroom’s financial performance. These reports are critical for the showroom’s management in assessing profitability, identifying trends, and making strategic business decisions. In addition, the Accountant conducts regular financial analyses, providing insights into sales performance, cost efficiency, and overall financial health.

7. Auditing and Compliance

   The Accountant ensures that all financial operations comply with local laws and accounting standards. This includes preparing for internal and external audits, maintaining detailed records, and addressing any issues identified during the audit process. Compliance is critical to safeguarding the showroom’s financial integrity and ensuring transparency in financial practices.

8. Collaboration with Management and Sales Team

   The Accountant works closely with the showroom’s management team and sales staff to align financial strategies with business goals. By providing financial insights, the Accountant helps the team make informed decisions regarding pricing strategies, inventory investments, and other operational initiatives. Collaboration with the sales team is particularly important in ensuring that financial processes, such as sales recording and inventory management, are handled efficiently and accurately.

Qualifications and Skills

• Bachelor’s degree in Accounting, Finance, or a related field.
• Proven experience in accounting, preferably in a retail environment.
• Strong understanding of accounting principles, financial reporting, and tax regulations.
• Proficiency in accounting software (e.g., QuickBooks, SAP) and Microsoft Excel.
• Attention to detail and accuracy in financial record-keeping.
• Excellent communication and organizational skills.
• Ability to work under pressure and meet deadlines.
• Experience with inventory management and payroll processing is an advantage.

Work Environment
The Accountant for a Retail Showroom typically works in an office within the showroom, handling both administrative tasks and financial reporting. This role requires collaboration with the sales team, showroom managers, and external auditors to ensure accurate financial management. While most of the work is desk-based, there may be occasional visits to warehouses or meetings with management to discuss financial performance. The position requires focus, precision, and the ability to work with deadlines, especially during financial reporting periods or audits.

How to apply:

Send your updated resume to our email or directly reach us at our phone:

Email:  enquiry@aldanube.com

Phone:  +971 48 08 5155